everest insurance company
DESCRIPTION
Assignment, Fundamentals of Money Banking & Insurance, BBA-BI 2nd semester, Ace Institute of ManagementTRANSCRIPT
Submitted By:•Chhitiz Shrestha•Satish Khadka•Digaj Amatya•Zhang Peng•Leeza Shrestha•Reshma Shrestha•Malvika Shrestha
Submitted To:Mr. Birendra BistFMBI Insutructer
Introduction
• Nepal’s leading general insurance company
• Commenced operations in December 1993
• Worked with Swire Blanch Asia Ltd., Singapore
• History of over 15 years• Customer-driven service packages• Personalized service delivery • Technology-focused operations
The Board Of Directors
From L to R: Mr. Birendra K. Shah, Mr. Om Prakash Sikaria, Mr. Madhu Sudan Agrawal, Mr. Niranjan Tibrewala, Mr. Rajendra K. Khetan (CM), Mr. Ratan Lal Sanghai (VCM), Mr. Prem Prakash Khetan, Mr. Chandra Prakash Khetan, Mr. Rabi K. Tibrewala
Introduction
• Clients– Business corporations– Development organizations– Individual customers
Mission, Vision and Objectives
• VisionTo be the insurer of choice, both in the national and international market, guided by World Standards.
• MissionTo deliver progressive and superior customer value, uphold the interests of human assets, provide sustained stakeholder returns, and stay abreast of social responsibility initiatives.
Mission, Vision and Values
• Values– To deliver expert and innovative solutions
in risk evaluation and risk mitigation alternatives;
– To empower our organizational team to deliver personalized, professional and value-added services;
– To work with passion, commitment, and due diligence;
– To harness the capabilities of technology in product and service delivery innovations.
Why Everest Insurance?
• Team of professionals• Prominent claims service• Reliable reinsurance support• Advisory service• Pioneer in travel insurance• Market leader in hydropower
project insurance
Types of Insurances
Marine Insurance
Fire Insurance
Avation Insurance
Miscellaneus Insurance
Life Insurance
Types of Everest General Insurances
Types of insurance
• Fire Insurance• Household Insurance• Marine Insurance• Motor Insurance• Engineering Insurance• Aviation Insurance• Other Insurances
Fire Insurance• The policy is extended to cover loss or damage arising
from perils such as:– Earthquake– Riot, strike and malicious damage– Explosion– Storm, tempest, flood and landslip– Impact damage– Aircraft damage– Terrorism
Household Insurance• Insures household dwellings like
– Computers– Ancillary equipments
• Against perils such as – Fire– Natural calamities– Theft or attempted theft– Loss of rent or cost of alternative
accommodation– Personal accidents
Marine Insurance
• The policy is extended to cover loss or damage arising from perils such as: – Accidents– Stranding– Grounding, – Sinking– Burning
Marine Insurance– Collisions– Faults or errors in navigation – Heavy weather– Theft or Pilferage– Strikes or Natural perils
Motor Insurance
• The policy is extended to cover loss or damage arising from perils such as:– Fire and lightning– External accident– External explosion– Theft or burglary– Natural calamities such as earthquake,
flood, landslide, storm, etc.
Motor Insurance
– Riot strike, – Malicious act,– Terrorism
Engineering Insurance
• This covers machinery (electrical equipment, mechanical plant, process machinery) against unforeseen, sudden accidental physical loss or damage caused by: – Carelessness– Short-circuit– Disruption– Structural defects, material defects or
defects of assembly
Engineering Insurance– Fortuitous working accidents such as
vibration, maladjustment– Loosening of parts, abnormal stresses,
fatigue, centrifugal force, excessive speed– Defective or accidental lack of lubrication,
seizure, water hammer or local overheating
– Falling, impact, collision or similar occurrences
– Obstruction or the entry of foreign bodies
Aviation Insurance
• The Aviation Insurance covers the following:– Loss or damage to the aircraft (hull
insurance),– Hull war– Third party liability,– Passenger’s legal liability,– Pilots loss of license
Miscellaneous Insurance
• Money• Fidelity Guarantee• Burglary• Public Liability• Personal Accident• Medical Insurance - Domiciliary• Hospitalization
Miscellaneous Insurance
• All Risk Insurance• Business Machine Insurance• Banker’s Indemnity Insurance• Travel Insurance
Head OfficeHattisar, P. O. Box 10675, Kathmandu, Nepal
Tel : 01-4425758, 4444717, 4444718Fax : 977-1-4444366
E-mail : [email protected]
Website: www.everestinsurance.com
Branches•Bishalbazar•Man Bhawan•Biratnagar•Birjung•Pokhara•Dharan•Butwal•Narayangadh
Contact info
The End